{"id":1964188,"date":"2023-07-04T19:12:01","date_gmt":"2023-07-04T23:12:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bank-of-england-considers-clampdown-on-foreign-bank-branches-ft\/"},"modified":"2023-07-04T19:13:17","modified_gmt":"2023-07-04T23:13:17","slug":"bank-of-england-considers-clampdown-on-foreign-bank-branches-ft","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bank-of-england-considers-clampdown-on-foreign-bank-branches-ft\/","title":{"rendered":"Bank of England mulls crackdown on foreign bank branches &#8211; FT"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbank-of-england-considers-clampdown-on-foreign-bank-branches-ft%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1964188&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>The Bank of England Considers Forcing More International Banks to Set Up Subsidiaries in the UK<\/strong><\/p>\n<p>The Bank of England (BOE) is exploring plans to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bank-of-england-considers-clampdown-on-foreign-bank-branches-ft\/\" title=\"Bank of England mulls crackdown on foreign bank branches - FT\">require additional <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ukraine-raises-270-million-in-war-bond-sales\/\" title=\"Ukraine Raises 0 Million in War Bond Sales\">international banks<\/a><\/a> to establish subsidiaries in the UK, according to a report by The Financial Times. This move comes as part of a review prompted by the collapse of Silicon Valley Bank earlier this year. The BOE believes that subsidiaries, like SVB&#8217;s London branch, are easier for local regulators to take control of in the event of failure.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Nathanael Benjamin, the BOE\u2019s executive director for authorizations and international banks, stated that the central bank will review the threshold for foreign bank branches to become subsidiaries.<\/p>\n<p>In March, following the collapse of its parent company in the United States, Silicon Valley Bank&#8217;s UK arm was sold to HSBC to prevent disruption to its British customers.<\/p>\n<p>The Bank of England has not yet responded to requests for comment.<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/bank-of-england-considers\/attachment\/file-photo-bank-of-england-poised-to-raise-interest-rates-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Joshua Coleman<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Ryan Helfenbein<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Tom Maoli<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with A.J. Hurley<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Kanishka Singh WASHINGTON (Reuters) -A U.S. federal judge on Tuesday restricted some agencies and officials of the administration of President Joe\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Foo Yun Chee BRUSSELS (Reuters) \u2013 Stung by criticism of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/morning-bid-china-pmi-eyed-as-u-s-trade-war-rumbles\/\" title=\"China PMI in focus amid ongoing US trade war.\">tardy privacy investigations<\/a> and the Irish privacy regulator\u2019s outsized role in\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) \u2013 Britain should be cautious about whether to issue a digital version of the pound given privacy and other issues\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Foo Yun Chee BRUSSELS (Reuters) \u2013 Meta Platforms on Tuesday lost its fight against a German data curb order that strikes\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England is reportedly considering a proposal to require additional foreign banks to establish subsidiaries in the UK. This move comes as part of a review following the collapse of Silicon Valley Bank. The plan aims to enhance regulatory oversight and stability in the banking sector.<\/p>\n","protected":false},"author":66,"featured_media":1964189,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1964188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1964188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1964188"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1964188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1964189"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1964188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1964188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1964188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}